90% Downside Volume Day
Not surprised. 91% to be exact. clipped from www.market-harmonics.com
Read MoreAuthor: Jeff Pierce
Return of the Lemmings
For those not familiar with this scan there’s a whole page devoted to it as well as a watchlist with some potential trades. The premise is that the 200 moving average acts as a wall and it’s rejected on an attempt to cross it....
Read MoreJust When You Thought It Was Safe…
Having some difficulty posting charts tonight so I’m just going to talk about what went down today and remember this is coming from the perspective of somebody who doesn’t watch the news, CNBC, or any of those other...
Read MoreLike Watching Paint Dry
I’m playing around with TwitPic a little and posted a chart of the Dow in a 15min view. I’m finding this service incredibly easy to use to post charts and maybe I’ll start using it exclusively in the future. At least for now...
Read MorePredictions for the Year of the Ox
Via WSJ Around the world, many people have consulted masters of feng shui — a Chinese system of beliefs in the influence of stars, geography and the location of objects on people’s lives — for advice on how to maximize their...
Read MoreSentiment Indicators
Not quite in the overbought range yet, but it has reversed off of these levels in the past. Traders are loading up on the call options. Not a good sign if the market wants to extend it’s rally. This isn’t the best indicator to...
Read MoreReality Check on Ultra ETF’s
I’ve tried to stay away from instruments for the most part as I had a hunch the way they calculated their returns were suspicious at best. Eric Muathe did some good chart work here and packaged it up in a video for all to see....
Read MoreGold Plugging Along
I realize there’s been a lot of talk about gold putting in a top, and I’m aware that we are at longer term resistance on a multi-yr chart, however short term I’m still seeing bullish charts. Take a look at the following 15 min...
Read MoreStop Arguing With Yourself
Sometimes I like to grab a book, turn to a random page and see where I end up, giving my subconscious an opportunity to point something out to me. Today I picked up Eckhart Tolle’s “A New Earth”, which has absolutely nothing to...
Read MoreIntraday FAS Chart
I missed this bottom pattern Thursday on FAS. The only think I can think of is that I was so focused on looking for bearish opportunities that I tuned out this trade. I’m normally pretty quick to go from bullish to bearish, as I...
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TraderPlanet’s Quick Guide to Candlesticks
